TCS, Infosys and HCLTech together incurred over Rs 4,373 cr in exceptional charges in the Q3 due to the implementation of new ...
TCS, Infosys and HCLTech have indicated that the impact of the new labour laws will be limited in the coming quarters, ...
The IT majors see this as a one-time cost, which will have an impact of around 10-20 bps on operating margins annually.
Tata Consultancy Services (TCS), Infosys, and HCLTech—have taken a combined financial hit of over ₹4,373 crore in exceptional charges following the implementation of the country’s new labour codes.
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